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Thomas Cook’s arm to acquire 51% stake in DEI Holdings

25 Feb 2019 Evaluate

Thomas Cook’s (India) wholly owned subsidiary -- Travel Circle International (Mauritius) has entered into an agreement to acquire 51% stake in DEI Holdings, an entity registered in Jebel Ali Free Zone (JAFZA) Dubai, UAE along with its subsidiaries.  

Also, Horizon Travel Services LLC, a wholly owned subsidiary of the company has entered into an agreement to acquire 51% stake in Digiphoto Entertainment Imaging LLC, USA.

Thomas Cook (India) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business.

Peers
Company Name CMP
Thomas Cook (India) 105.15
IRCTC 464.05
TBO Tek 1703.75
Le Travenues Techno 164.05
Yatra Online 108.80
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